Markets bleeding- Sign of recession and less job opportunities

Today, the markets have been bleeding across USA, Japan, India due to number of reasons contributing to it. War between iran- Israel, unemployment rate in USA going up, increase in interest rates in Japan which led to the worst decline of their stock markets in history. We were thinking that since now openings are coming up, situation could improve. Will the situation get worse from here in the upcoming days or is it too early to say?